Skip to main content

President Joe Biden’s Announcement That The Department Of Education Would Be Canceling Student Loan Debt For Some Borrowers


Millions of Americans will see their student debt canceled or reduced following President Joe Biden's long-awaited announcement on student loan forgiveness Wednesday afternoon. 

The Biden administration is forgiving up to $10,000 in federal student loans for those making less than $125,000 a year for individuals or $250,000 for married couples or heads of households and up to $20,000 for Pell Grant recipients who meet the income threshold. Private loan holders are not included in the plan.

"In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023," Biden tweeted, adding that he will share more details of the plan Wednesday afternoon.

In the same tweet, Biden announced that the pause on student loan repayment, interest and collections, which was set to expire on Aug. 31, will be extended "one final time" through Dec. 31. The department's repayment freeze, which was first enacted in March 2020, has been extended four times since Biden took office and is set to end Aug. 31.

Comments

  1. Awesome!!! President that is working

    ReplyDelete
  2. A huge relief to the borrowers 😂😂😂

    ReplyDelete

Post a Comment

Type your comments here

Popular posts from this blog

The CBN Governor Drops Presidential Ambition: Godwin Emefiele withdraws suit against INEC, AGF

The Governor of Central Bank of Nigeria (CBN), on Monday, withdrew the suit he filed against the Independent National Electoral Commission (INEC) and the Attorney-General of the Federation over his presidential ambition. This development was made known via Godwin Emefiele's counsel, S.T. Maliki to Justice Ahmed Mohammed. Shortly after the matter was called, S.T. Maliki made it known to the judge that a notice of discontinuance had been filed and served on the defendants in the matter. Maliki, who held the brief of Chief Mike Ozekhome, SAN, said though the matter was scheduled for mention, they had Emefiele’s instruction to withdraw the suit. Maliki said: “Pursuant to the instruction of the plaintiff (Emefiele), we filed a notice of discontinuance dated and filed May 16, 2022 And the said notice of discontinuance was served on all the defendants on that said date of May 16, 2022, which proof of service is before your lordship." The lawyer said of all the defendants, only the 4t...

GIST!

I Was Never Served Divorce Papers – Blossom Chukwujekwu’s Ex-Wife Breaks Silence. Maureen Esisi,  who was married to Nollywood actor, Blossom Chukwujekwu, has said that the divorce proceedings between herself and the actor are not final. On Tuesday while engaging in a Q & A session with fans via her Instagram page, Esisi made this known. She was asked, “When did you do your divorce? Because last time we asked, you said it was not yet done.” To this, she answered, “Last I checked, I signed NO divorce papers.” A further probe by another follower, who was curious to know why she refused to sign the divorce papers if she was served. “Wasn’t served any,” she simply replied. Furthermore, as the questions trickle down during the question and answer session, Maureen disclosed that deceit was the cause of her broken marriage with the actor.  She responded to a fan who wanted to know why she agreed to the separation and noted that when she wanted to end things, Blossom did not agree...

HERMOSA_IMPERIAL- YOUR BEST OPTION!

Introducing your MARKET GENIUS! HERMOSA_IMPERIAL! Hermosa_Imperial, Lagos. A certified Business, that deals in hospitality management, personal shopping, event management and logistics. Just as our name implies, we are Imperial; with a regal bearing and business sense. We have a vast, indepth knowledge of the market place, where to pick your exquisite items from. We are swift, affordable and reliable. You have a need? Think no further, let us surf the market for you. Holla at us! Hermosa_imperial has gone a step further by providing via our YouTube video, an insight of the Lagos metropolitan market. Showing viewers how to surf the major and minor markets in Lagos. The vital marketing strategies that you can use to survive Lagos, reliable online vendors and so much more.   Hermosa_imperial is a MUST stop! We at Hermosa_Imperial cares for you! CONTACT: 0703 8606139. 0704 508 7378. https://m.youtube.com/channel/UCiJSdwFZhDY-D8m1z0m8gfA NOTE: PAID ADVERT .